Month in Review - April 2021
. The Australian government announced a preference for the Pfizer vaccine for Australians under 50 amid concerns of rare blood clots potentially linked to the AstraZeneca vaccine.
In economic news, February employment numbers surged by 88,700, accentuated by the fact that the entire increase came from full-time jobs with employment now above the pre-pandemic level.
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WFH: FBT consequences for employers
As the FBT year draws to a close, employers that have provided various benefits such as laptops and office equipment to enable employees to work from home need to be aware that they may be FBT consequences.
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The King, The Sage, and a Game of Chess
Compound interest takes time to show it’s power - it’s not for the impatient, but then most wealthy people (not merely those with high incomes) understand the importance of patience and discipline because that’s how they became wealthy in the first place, or grew their inherited wealth.
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Age Pension entitlement: Eligibility tests
When it comes to maintaining your financial wellbeing in retirement, it’s important to understand that as you enter this phase of your financial lifecycle a certain shift in economic resources often occurs.
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Life insurance in super: costs on the way up?
Having insurance through super can be a cost effective way of protecting you and your loved ones in the event of an unfortunate occurrence. However …
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End of FBT year fast approaching
If your business has provided any benefits to your employees (including current, prospective or former employees as well as their associates) during the year, you may be liable for FBT.
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I object: disputing an ATO decision
Perhaps the most common type of objection is in relation to income tax, if you’re an individual or small business objecting to an assessment of income tax, you will have 2 years from the date the assessment was given to you.
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TPD insurance: Ownership structures
In the event that you were to become totally and permanently disabled due to a sickness or injury and unable to work again, a total and permanent disability (TPD) insurance policy could play a vital role.
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Update: Indexation of contributions caps
When it comes to building and maintaining wealth, super is widely considered to be one of the most tax-effective investment structures available.
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